Overview
What is Rainbow Learning Center Inc?
Rainbow Learning Center Inc is a nonprofit organization, situated in New Albany, Mississippi, that primarily focuses on providing quality child care and nutritious meals to over 60 children. This allows their parents to work full-time. Operating 5 days a week, from 6:00 AM to 6:00 PM, the center offers flexible and high-quality child care services, aiming to create a loving, caring, educational, safe, and fun environment for all children, including underprivileged ones. Weekend workshops are held for parents and their children, and developmental progress reports are completed every six months for each child. Rainbow Learning Center also conducts Parents Night Out events to give parents a much-needed break. The organization's primary mission is to serve all children and qualifying disadvantaged children under the Mississippi Department of Education's USDA Child and Adult Care Food Program (CACFP), providing high-quality care in a home-like and professional environment. Employing a total of 37 individuals, Rainbow Learning Center operates to enrich the lives of children and support working parents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Rainbow Learning Center Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 50%, the organization falls short in several critical governance areas, particularly in board independence and transparency. The lack of independent board members raises questions about oversight, while the absence of fundamental policies such as conflict of interest and whistleblower protections highlights potential risks.
On a positive note, the organization demonstrates a strong commitment to its programs, with an impressive program expense ratio of 95.95%. This suggests that the majority of its resources are directed towards fulfilling its mission rather than administrative costs. Additionally, the organization has not reported any material diversion of assets, which reflects a degree of financial integrity.
However, the overall lack of essential financial documentation and governance policies is a significant limitation. The absence of a website listed on their tax form and missing financial statements could hinder transparency and trust among donors and stakeholders. Improvements in these areas are crucial for Rainbow Learning Center Inc to enhance its accountability and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Learning Center Inc legitimate?
Rainbow Learning Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Learning Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $38,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $360,516
For more financial information, click here
What is the mission statement of Rainbow Learning Center Inc?
Rainbow Learning Center Inc's primary mission is centered around providing high-quality child care and nutritious meals to all children, including disadvantaged ones, under the Mississippi Department of Education's USDA Child and Adult Care Food Program (CACFP). This special nutrition program is designed to ensure children have access to healthy meals. Rainbow Learning Center operates in a home-like and professional environment, offering care that prioritizes the well-being and development of each child.
Who is the CEO of Rainbow Learning Center Inc?
Bernice Bailey is the Secretary of Rainbow Learning Center Inc.
What is the revenue of Rainbow Learning Center Inc?
Rainbow Learning Center Inc's revenue in 2022 was $1,314,918.
Who are the executives of Rainbow Learning Center Inc and what are their salaries?
The average compensation at Rainbow Learning Center Inc during 2022 was $10,776. There are 37 employees at Rainbow Learning Center Inc.
Here are 3 key members and their salaries:
- Compensation: $38,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rainbow Learning Center Inc?
Rainbow Learning Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rainbow Learning Center Inc
Rainbow Learning Center Inc, a non-profit organization, is dedicated to providing high-quality child care and nutritious meals for all children, including those from disadvantaged backgrounds, under the Mississippi Department of Education's USDA Child and Adult Care Food Program (CACFP). This special nutrition program ensures that the children receive proper nourishment. Rainbow Learning Center operates in a nurturing environment that combines the comfort of a home with the professionalism of a child care facility. The organization's primary objective is to provide a safe and enriching space where children can learn and grow, ensuring they receive the necessary care and nutrition they need.
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Impact
July, 2024
Rainbow Learning Center Inc has a significant impact on the community by providing high-quality child care and nutritious meals to children, including those who are underprivileged. By offering a loving, educational, and safe environment for over 60 children, the organization enables parents to be gainfully employed, knowing that their children are well cared for. Additionally, the center conducts weekend workshops for parents and children to engage in meaningful activities together, as well as providing developmental progress reports and occasional parents' night out events for parental respite. This holistic approach not only supports families but also fosters a sense of peace of mind for parents, knowing that their children are in capable hands, even in emergencies. Rainbow Learning Center Inc's dedication to providing flexible, high-quality child care creates a positive impact on the well-being and development of children in New Albany, MS.
This information is meant to be a general summary of Rainbow Learning Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5
- Program Service Revenue: $508,552
- Gross Receipts: $1,314,918
Assets and Liabilities:
- Total Assets: $607,141
- Total Liabilities: $12,848
- Net Assets: $594,293
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD CARE SVCS/MEALS
Revenue
$508,552
Organization Details
Founding Year
2003
Phone
(662) 538-4100Principal Officer
Bernice Bailey
Main Address
706 S CENTRAL AVENUE, NEW ALBANY, MS, 38652
NTEE Category
Code: P33 - Human services
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